"Nordic Investment Bank (NIB) is ready to finance Azerbaijan in several forms," Heikki Cantell, Secretary-General of the NIB told APA-Economics.
As for the financing of new projects in Azerbaijan, Heikki Cantell said that it is possible in two ways. First, Nordic Investment Bank can invest in projects through the Black Sea Trade and Development Bank (BSTDB). Another option is to reach an agreement between the NIB and the Azerbaijani government. In this case, even direct investment is possible: "I think this issue will be discussed in the future. Renewable energy fields can be considered for investment."